BasedLine

Date: 10-February-2012
KSE-100 Index
Previous Index 12,263.25
Current Index 12,213.24
Change % -0.41%
YTD (CY11) 7.63%
YTD (FY12) -2.26%
KSE-100 Index
Previous Index 22,012.76
Current Index 21,909.03
Change % -0.47%
YTD (CY11) 8.80%
YTD (FY12) 4.65%
International Indicators
 
Close
%age
BSE-30 17,830.80 0.70
HANGSENG 21,010.00 -0.04
NIKKEI 225 9,002.24 -0.15
FTSE 5,895.47 0.33
DJIA 12,890.50 0.05
SSEC 2,347.53 2.42
NASDAQ 2,927.23 0.39
 
Close
%age
TASI 6,797.09 0.79
KSE(Kuwait) 5,864.00 0.23
BSE 1,136.87 0.07
MSM 5,622.18 -0.02
ADX 2,466.74 0.08
DFM 1,486.90 0.30
QSE 8,689.83 -0.01
Capital Market Overview

Market watch: Bourse dragged down by PSO, sheds 50 points

The stock market witnessed continued profit taking on Thursday in oil and fertilizer stocks led by Pakistan State Oil (PSO).The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.41 per cent or 50.01 points to end at 12,213.24 point level. more... (ET)

NAVs and Returns
as of February 09, 2012
Funds Offer Redemption
POGSF
10.1202/-
10.1202/-
YTD Return
11.53%
POAIIF
52.2920/-
51.7691/-
YTD Return
12.59%
POAAAF
47.73/-
46.54/-
YTD Return
-7.88%
POIAAF
55.25/-
53.87/-
YTD Return
3.10%
POAF
11.00/-
YTD Return
11.31%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Dec-11 Nov-11
MoM (%)
AUM's (PKR bn) 264.26 279.81 -5.56%
No of AMCs 24 24 -
No of Funds 128 128 -
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
34.12
2,935
64.64
2.69
7.63%
KSE30
6.92
595
27.55
2.35
12.04%
KMI30
4.91
423
20.75
1.83
8.80%
KSE All
37.02
3,184
139.14
3.09
8.08%
February 09 , 2012
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
179.95
117.52
-9.71%
OGDC
16.00
157.07
144.64
2.67%
UBL
2.00
61.58
45.20
-0.53%
LUCK
1.70
91.92
38.42
29.76%
February 09 , 2012
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
55.65
-14.27
41.39
Foreign Corporates
475.52
-190.63
284.90
Overseas Pakistani
338.40
-315.58
22.83
Grand Total
869.58
-520.47
349.11
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
08-Feb-12
09-Feb-12
Change
Gross Buy
77.18
-45.97%
17.20
5.07%
2.54
0.87
-66.76%
Gross Sell
-73.27
-2.96%
-12.84
19.96%
-2.31
-0.52
-77.47%
Net Buy/(Sell)
3.82
-94.46%
4.27
-26.46%
0.23
0.35
51.79%
S.C.R.A
Country
During the Period FY12TD
07-02-2012
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
7.61
-
-
12.04
-
-
-4.43
-
0.11
-0.11
Luxembourg
20.90
-
-
33.00
-
-
-33.04
-
0.00
-0.00
Switzerland
19.59
0.35
-
29.57
1.27
-
-10.90
-
-
-
UAE
5.86
0.52
-
3.61
4.46
-
-2.22
0.08
0.18
-0.10
UK
38.20
0.16
-
107.04
0.29
3.47
-72.47
1.32
0.11
1.21
USA
120.67
-
-
205.32
-
19.06
-103.70
2.06
0.70
1.36
Total
248.47
3.72
-
440.37
6.02
29.22
-223.95
3.47
1.18
2.29
News Clippings
Economy

Country’s forex reserves fall to $16.69 billion

Pakistan's foreign exchange reserves fell to $16.69 billion in the week ending February 3, compared with $16.87 billion the previous week, the central bank said on Thursday. more... (BR)

Pakistan Prices Surging 10% May Force Central Bank to Hold Rates


The State Bank of Pakistan will hold the discount rate at 12 percent, seven of 11 economists said in a Bloomberg News survey. Two predicted a cut to 11 percent and the rest a half- point reduction. The decision is due in Karachi tomorrow. more... (B)

Gold rate slips


Gold slipped by Rs 172 to close at Rs 50,485 per 10 grams in the local market Thursday as its international price dropped to $1,734 an ounce, market sources said. more... (N)

LPG prices slashed by Rs 10 per kg

The price of Liquefied Petroleum Gas (LPG) has been reduced by Rs 10 per kilogram on Thursday. more... (DT)

Company & Sector Update

Corporate results: PSO profits take a spill


Pakistan State Oil (PSO) posted a massive drop in half-yearly profits and failed to declare a dividend, catching the market by surprise as the announcement is much lower than market expectation. more... (ET)

PPL offer of 23m shares in SPO

As part of privatisation process, an exercise is being carried out by the government to divest portion of its shareholding in Pakistan Petroleum Limited (PPL). more... (D)

Kinnow export to Indonesia may reach 40,000T

The export of kinnows from the country to Indonesia is expected to reach 40,000 tonnes during the current season. Pakistan and Indonesia have signed a preferential trade agreement to enhance trade between the two countries. The agreement stipulates Indonesian reduced tariffs to Pakistan on 216 tariff lines, one of which is fresh fruit. more... (N)

Global telecom majors vying for 3G licences

At least nine telecommunication companies including four world majors are likely to participate in bidding due by end-March for third and fourth generation telecom licences in Pakistan, raising hopes for a better foreign exchange yield .more... (D)

Political

SC commences PM’s appeal hearing

The Supreme Court on Friday resumed the intra-court hearing on the appeal of Prime Minister Yousuf Raza Gilani, DawnNews reported. more... (D)

Obama reviews efforts to renew Pakistan ties

US President Barack Obama has reviewed efforts to improve ties with Pakistan with his national security team, the White House said on Thursday as media reports indicated that both countries were trying vigorously to reduce tensions that have bedevilled their relations for more than a year now. more... (D)

20th Amendment talks: Govt, opposition resolve to keep military away from polls

Deciding to join a path which might be difficult to tread on, key players across the country’s political landscape have vowed to forge greater cooperation to block the country’s powerful military establishment from manipulating the next parliamentary polls. more... (ET)

US kills key al Qaeda leader in Miranshah

US missiles on Thursday killed al Qaeda’s chief in Pakistan, one of the Americans’ main targets in the country and wanted for attacks that killed scores of people, officials said. more... (DT)

GCC

UAE Hosts G8 and Deauville partners Meeting in Abu Dhabi

In addition to representatives from the G8, the meeting was attended by the UAE's Ministry of Finance and Ministry of Foreign Affairs, Saudi Arabia, Kuwait, Qatar, Egypt, Tunisia, Jordan and Morocco. A number of prominent, international organizations were also present, including the International Monetary Fund. more... (Zawya)

Kuwait's trade policy "extolled"

Permanent representative of Saudi Arabia to the World Trade Organization (WTO) Ambassador Abdul-Aziz Al-Otaibi expressed, in his speech before Kuwait's Trade Policy Review Committee.more... (Zawya)

Etihad posts first annual profit

Eight years after it was founded, Etihad Airways became profitable in 2011, earning a net profit of $14 million (Dh51.4 million) for the full year. The Abu Dhabi-owned airline said yesterday it achieved $4.1 billion in revenue last year, a 36 per cent increase over $2.98 billion in 2010. more...(Gulf News)

Banks curb services for Iranians

UAE banks have started applying stringent restrictions on banking services to non-resident Iranians and businesses owned by them, bankers told Gulf News yesterday. more... (Gulf News)

Quote of the Day:

"If everybody else is doing it one way, there’s a good chance you can find your niche by going in exactly the opposite direction." Sam Walton

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,254
Population
178.09mn
US$ Reserves (Feb 03, 2012)
$16.69 bn
Trade Balance ( July-Dec 11)
$-11.50bn
Curr. A/C (July 11- Dec 11)
$-1.94bn
Remittances (July 11- Dec 11)
$6.32bn
Foreign Investment (Jul 11-Nov 11)
$5.23bn
All Sch. Banks Deposit Base (Dec 23, 2011)
Rs783.33bn
Inflation
CPI Gen. - YoY (Jan-12) 10.1%
   
CPI Gen. - FY11 (Jul 11- Jan 12) 10.7%
   
NFNE Core INFL - YoY (Dec 11) 10.1%
   
NFNE Core INFL -FY11 (Jul 11 - Dec 11) 10.2%

Money Market

 
Price
Change
09-Feb-12
08-Feb-12
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
77.89
0.79%
14.41%
14.64%
1.70
     
09-Feb-12
08-Feb-12
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
866.44
855.43
11.01

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.51
11.61
11.66
11.75
Offer
12.01
11.86
11.91
12.25

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.90
11.85
11.70
11.75
11.80
Low  
11.90
11.80
11.75
11.55
11.60
11.60

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
90.95
120.35
1.19
143.44
24.75
1.37
0.76

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.70
11.75
11.85
Last Cut Off.
11.73
11.80
11.88
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.50
12.45
12.45
12.70
10 Y-PIB
12.60
12.55
12.55
12.70

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
0.99
2.02
2.02
2.23
4.02
8.27
0.00
Change bps
0.00
4.00
5.00
4.00
2.00
3.70
-1255.00

Commodities

     
09-Feb-12
10-Feb-12
change
WTI (USD/bbl)    
98.72
99.44
0.73%
     
Brent (USD/bbl)    
117.28
118.11
0.71%
     
Arab Light (USD/bbl)    
117.54
118.42
0.75%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
103.46
98.82
4.70%
Furnace Oil (Rs/ton)
80,370.60
78,841.72
1.94%
Cement (Rs. Bag Avg)
423.00
422.50
0.12%
Urea Fertilizer (Rs/bag)
1,775.83
1,742.08
1.94%
Gold 24cr (Rs./10gm) Khi
49,610.01
49,618.58
-0.02%
Rice IRRI -6(Rs/100kg)
3,056.00
3,107.00
-1.64%
KCA Cotton (Rs/mound)
5,800.00
5,600.00
2.68%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.95
118.80
0.13%
Gold Futures
1,733.60
1,734.20
-0.03%
Sugar 11 (USD/lb)
23.23
24.48
-5.11%
Steel (USD/ton)
673.42
673.06
0.05%
Wheat (CBT) (USD/bu)
646.00
660.75
-2.23%
PTA (USD/ton)
1,215.00
1,205.00
0.83%
Copper (USD/ton)
8,737.50
8,554.25
2.14%

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(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange

Separator
Disclaimer:
This Bizz Info is being circulated for information purposes only and no action is being solicited based on it. Information and calculations presented in this news update have been generated from sources which we believe to be reliable, however we do not represent that it is accurate, complete and should be relied upon. Pak Oman Asset Management Company Ltd. does not assume any liability on it. This Bizz Info or any part of it should not be reproduced, published or distributed without prior permission.